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This document summarizes the history of the Indian currency system from 1893 to 1926. Key events include: 1) In 1893, the mints were closed to the free coinage of silver to establish a gold standard, but gold never became a substantial part of circulation. 2) By the 1920s, the system had evolved into a "gold exchange standard" where the rupee and paper currency were maintained at 1s. 4d. against sterling through currency interventions. 3) World War I disrupted the system as silver prices rose, forcing

Author

aman kumar

Language

EN